Western Metallica Announces Private Placement of Up to C$1 Million to Advance Peruvian Copper Project

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TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to announce that it will undertake a non-brokered private placement of 33,333,333 units of the Company (the "Units") at a price of $0.03 per Unit (the "Offering Price") for aggregate gross proceeds of up to C$1 million (the "Offering"). The net proceeds of this Offering are intended to support the Company’s upcoming drill program at its Luz Maria porphyry prospect and other exploration work at its Caña Brava 1 porphyry prospect, both located within the Company’s 100%-owned Caña Brava Copper Project in the La Libertad Department of Northern Peru and for working capital purposes. Each Unit shall consist of one common share (a "Common Share") and one common share purchase warrant (a "Warrant") of the Company.

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